Taxation Administration Act 1953
View history note
Hide history noteNote: See section 3AA .
Chapter 3 - Collection, recovery and administration of other taxesSECTION 139-120 139-120 AMOUNT TO BE STATED IN A RELEASE AUTHORITY
The amount to be released from one or more * superannuation interests under a release authority issued under section 139-115 must be worked out so that either: (a) the amount released equals (but does not exceed) the amount specified in the order made under section 139-60 ; or (b) if the amount released falls short of the amount specified in the order made under section 139-60 - the Commissioner:
(i) has issued at least one release authority to each * superannuation provider that the Commissioner is aware could be given a release authority under section 139-115 ; and
(ii) has received in response to each such release authority either an amount paid under subsection 139-135(1) , or a notice under subsection 139-145(2) ; and
(iii) is satisfied that issuing further release authorities will not increase the total amount released.
Disclaimer and notice of copyright applicable to materials provided by CCH Australia Limited
CCH Australia Limited ("CCH") believes that all information which it has provided in this site is accurate and reliable, but gives no warranty of accuracy or reliability of such information to the reader or any third party. The information provided by CCH is not legal or professional advice. To the extent permitted by law, no responsibility for damages or loss arising in any way out of or in connection with or incidental to any errors or omissions in any information provided is accepted by CCH or by persons involved in the preparation and provision of the information, whether arising from negligence or otherwise, from the use of or results obtained from information supplied by CCH.
The information provided by CCH includes history notes and other value-added features which are subject to CCH copyright. No CCH material may be copied, reproduced, republished, uploaded, posted, transmitted, or distributed in any way, except that you may download one copy for your personal use only, provided you keep intact all copyright and other proprietary notices. In particular, the reproduction of any part of the information for sale or incorporation in any product intended for sale is prohibited without CCH's prior consent.
